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    Carlyle to invest INR 2,100 Cr (approximately USD 230M) in Nido Home Finance

    India Achieves Landmark Trade Victory, Unlocks $30-Trillion U.S. Market for Exports Across Key Sectors

    Levi’s® Brand Debuts “Behind Every Original” Campaign With Super Bowl Film Highlighting Backstories and Backsides

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“Government’s focus is on ‘developing Bengaluru in the original Bengaluru style’.-Chief Minister Basavaraj Bommai

Embassy REIT constructs key flyover at Embassy Manyata Business Park, Bengaluru

FWM by FWM
February 17, 2022
in Technology
0
Flyover will service South India’s largest hotel complex and conference centre opening in May 2022

Flyover will service South India’s largest hotel complex and conference centre opening in May 2022

183 crores invested towards streamlining traffic around one of India’s largest business parks
Eased commute benefits local communities, improves air quality and enhances pedestrian safety
Flyover will service South India’s largest hotel complex and conference centre opening in May 2022
February 15, 2022


After inaugurating Embassy Manyata Flyover that connects Manyata Tech Park with Outer Ring Road,on Tuesday said his Government’s focus is on ‘developing Bengaluru in the original Bengaluru style’.Bengaluru is a patent and we have to build the city keeping in mind its glorious past and its future. We don’t need to emulate any model in the world, we are the original.””I want Bengaluru to grow organically.Because organic growth takes care of all the needs like education,health and culture. Bengaluru has got a very rich culture,rich past, which is different from other cities, said Chief Minister Basavaraj Bommai

Bengaluru is growing in all directions and those who come to the city for education, employment and business become Bengalureans as it is blessed with great climate,cosmopolitan people and good facilities,Bommai said.
Sharing his dream of futuristic Bengaluru, Bommai said,I have a dream of developing Bengaluru in its original bengaluru style. I need lot inputs,suggestions so that we can have a very planned and futuristic Bengaluru which would be the best place for living and a good future.
It is a challenge because the city is growing in all directions.Most of the growth is horizontal growth that brings more challenge unlike Mumbai where most of it is vertical growth,he said.
Metro from Hebbal to Airport
Referring to city biggest challenge of managing its traffic Bommai said,Peripheral Ring Road is being built,the Hebbal Flyover would be widened,The BMRCL has taken up Metro from Hebbal to Kempegowda International Airport,the Chief Minister said.
The State government has provided Rs.6000cr for Bengaluru development. Another Rs.1500cr is being spent on improving the drainage system,12 seamless signal traffic corridors are being developed,he said.
IT BT Bengaluru-The IT BT capital is now set to be the capital of all new technologies like Artificial Intelligence, Renewable Energy,Semiconductor. The city’s rich science and technology manpower and great institutions like HAL,BEL,BHEL,BEML, HMT and ISRO have made Bengaluru the Science and Tech hub.There are over 180 R & D institutions in the city, he said
Constructed and funded by Embassy REIT at a cost of Rs.183 crores, the project is a part of infrastructure initiatives in and around the park for which Embassy REIT has invested over Rs.400 crores over the past 5 years. The flyover supports the local community and strengthens the total business ecosystem for the occupiers of Embassy Manyata, one of India’s largest business parks with an operational area of around 12 million square feet. Spread over 121 acres, Embassy Manyata caters to over 100,000 employees from 42 top-notch corporates; and continues to be a major economic centre of Bengaluru contributing over Rs.130 crores in various taxes annually.
The flyover dovetails with and adds to the various under-development and upcoming infrastructure initiatives in the park, including South India’s largest hotel and conference centre slated to open in May 2022.
This 1 km flyover is located on Outer Ring Road in Bengaluru from Veeranna Palaya towards Hebbal. It is expected to reduce traffic moving towards Hebbal and KR Puram and also ease the commute to reach the Bengaluru International Airport. This significant public infrastructure upgrade is expected to decongest traffic on the stretch by up to 70%, curtail travel time by 15 minutes for over 2 lakh daily commuters and reduce pollution substantially in the area.
The project was delivered in record time; and its aesthetics and design reflect the ethos of Bengaluru and its progressive people, and the combined efforts of government and other stakeholders on energy conservation, water stewardship and environmental protection.
Jitu Virwani, Chairman of Embassy REIT and Chairman & Managing Director of Embassy Group, said,
“We are delighted to launch the flyover at Embassy Manyata which is a perfect example of Embassy REIT’s infrastructure and amenity upgrade investments to enhance the total-business-ecosystem offering that our parks provide, creating an unmatched value proposition for our global occupiers. Embassy REIT, with the support of government authorities, is delivering further such Public Private Partnership (‘PPP’) initiatives, like the upcoming metro station at Outer Ring Road near Embassy TechVillage, to enhance city infrastructure for the benefit of our occupiers and surrounding communities.”
Aditya Virwani, COO of Embassy Group and Michael Holland, Chief Executive Officer of Embassy REIT.were also present.

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